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Author Topic: Who says $$$ is going to collapse?  (Read 698 times)
momagic
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March 27, 2013, 11:04:10 PM
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Because BTC is actually propping it up?

From what I see BTC is mainly traded in Dollars... just like Oil.

If Oil wasn't traded in $ it would not be as strong. That's why the US don't like Iran as they trade in other currencies.

?
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Elwar
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March 27, 2013, 11:13:35 PM
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It is the only currency my company currently pays.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
porcupine87
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March 27, 2013, 11:36:17 PM
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Same with Apple stocks. Why do they not trade oil in Apple stocks? Then the oil price would not be that high??

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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March 28, 2013, 01:14:51 PM
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Because BTC is actually propping it up?

From what I see BTC is mainly traded in Dollars... just like Oil.

If Oil wasn't traded in $ it would not be as strong. That's why the US don't like Iran as they trade in other currencies.

The notion of oil purchases propping up the dollar price would totally make sense, in a world without FOREX.

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